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Key Investment Highlights

  • Cash Flowing Opportunity: Investors have an opportunity to acquire two, cash flowing industrial warehouse properties that are 100% occupied and have a weighted average remaining lease term of 4.4 years.  Investors will benefit from positive leasing momentum with the recent 100,000 SF lease signed by ARC Herkimer.
  • Ideal Location: The Properties are located on Riverside Industrial Parkway, which is part of a larger industrial park.  The other assets in the immediate area consist of warehouse and manufacturing uses.
  • Thriving Industrial Market: The Herkimer County Industrial market boasts over 3.9 MSF of inventory with an occupancy rate of 97.5%.  Over the past 12 months, the market has seen rental rates grow by a 6.8%. The market has also seen 0 SF of inventory delivered over the past 12 months.
  • Strength of Region: Situated in the Mohawk River Valley, the Properties are well-positioned to capitalize on the immense employment base of 242,600 people within 75 miles across six counties.  They are also strategically positioned in a tremendous logistics network with an abundance of options including railroads, harbor points, and interstate systems.


Construction Details

  • Loading Docs: Three (3) at each location
  • Exterior Construction Type: Concrete
  • Ceiling Heights: 25’ at 131 Riverside & 22’ at 25 Riverside


Little Falls Industrial Portfolio is comprised of the fee-simple interest in 131 & 25 Riverside Industrial Parkway, two fully-leased industrial warehouse buildings totaling 163,447 SF (the "Portfolio" or "Properties"). The Properties are located in Little Falls, NY, approximately 75 miles northwest of Albany and 75 miles southeast of Syracuse.  The well-performing assets are leased to two tenants: REDCO Foods (63,447 SF / 38.8% of NRA), occupies 131 Riverside and ARC Herkimer (100,000 SF / 61.2% of NRA) occupies 25 Riverside.

REDCO Foods (www.redcofoods.com) is a national manufacturer and distributor of tea and dessert products, and has been a tenant at 131 Riverside since 2013. The subject location is less than half a mile from REDCO’s U.S. headquarters.  Recently, REDCO renewed their lease for a 10-year term with an expiration date of December 2022.

ARC Herkimer (www.archerkimer.org) is a social services organization that supports individuals with disabilities.  The tenant signed a 5-year lease in October 2022.  Both tenants reimburse expenses on a NNN basis.

131 & 25 Riverside Industrial Parkway are strategically positioned in a tremendous logistics network that boasts several means of transportation such as road, rail, and maritime.  The offering provides an investor the unique opportunity to acquire two fully-leased properties located along a flourishing industrial corridor in a market dominated by manufacturers and distributors.

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All investors who are interested in engaging Holliday Fenoglio Fowler, L.P. (“HFF”) and CW Capital Markets (“CW”) (collectively “HFF/CW”), a financial intermediary, to assist in arranging financing for the property should contact Brock Cannon at HFF, L.P. via email (bcannon@hfflp.com) or by phone at (212) 632-1808.


Throughout the marketing period HFF will provide investors with real time debt quotes from various capital sources. It is to the investor’s benefit to contact Brock Cannon early in the process in order to discuss all available terms, along with the advantages of engaging HFF/CW on the financing versus completing an all-cash acquisition.

 

Benefits of Engaging HFF/CW In Arranging Financing Include:

  • Transparency: Continued transparency in the debt capital markets for the subject opportunity based on real time conversations HFF is having with lenders
  • Access to Property: Lender will have access to the property, post contract, to complete their diligence prior to closing
  • Financing In Place: Allows the investor to close with financing in place

 

Note: Benefits referenced above will only be made available to investors who engage HFF/CW prior to the auction start date. It is recommended that investors contact HFF early in the process.


HFF’s Debt Placement Services

As a leading mortgage banker in the U.S., HFF’s extraordinary transaction volume provides the unparalleled capital markets knowledge necessary to develop the most creative financing strategies to meet and exceed client expectations.  Our established relationships with insurance companies, investment banks, foreign and domestic banks, a Fannie Mae lender, Freddie Mac and pension funds have allowed us to provide our clients with the most competitive terms and most reliable executions in the debt and equity market.

Loan Types HFF Assists With Include:

  • Fixed-rate loans
  • Construction loans
  • Forward loans
  • Tax-exempt loans
  • Floating-rate loans
  • Construction/permanent loans
  • Bridge/acquisition loans
  • Credit-tenant lease transactions

 

HFF’s 2017 Commercial / Multifamily Annual Origination Rankings per the MBA:

  • #1 Total Loan Originations
  • #1 Intermediary
  • #1 Insurance Company Originator
  • #1 Credit Company Originator
  • #1 Originator for Third Parties
  • #1 Total Direct Originations
  • #1 Seconds/Mezzanine/Preferred Equity Structures

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

100% Leased Industrial Warehouse Buildings Located Off NYS Thruway (I-90)

131 Riverside Industrial Parkway, Little Falls, NY 13365

Sold Subject To

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Industrial Type
  • Warehouse
  • Property Size
  • 163,447 Sq Ft
  • Land Area
  • 0.00 Acres
  • Year Built
  • 1977
  • Number of Floors
  • 1
  • Number of Buildings
  • 2
  • Occupancy
  • 100.00%
  • Occupancy as of
  • May 31, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Ralph Passono, Jr.

      c/o Fisher Auction Company Inc.

      License: #1

      Co.:10311203946